Louisiana 2020 2020 Regular Session

Louisiana Senate Bill SB118 Comm Sub / Analysis

                    RÉSUMÉ DIGEST
ACT 111 (SB 118) 2020 Regular Session	Smith
Prior law provided that all public work exceeding the contract limit, including labor and
materials, to be done by a public entity shall be advertised and let by contract to the lowest
responsible and responsive bidder who bid according to the bidding documents as advertised,
and that no such public work shall be done except as provided in prior law.
Prior law provided, with certain exceptions, that the term "contract limit" shall be equal to
the sum of $150,000 per project, including labor, materials, and equipment as per the rates
in the latest edition of the Associated Equipment Dealers Rental Rate Book and
administrative overhead not to exceed 15%. Provided that beginning February 1, 2015, and
annually on February first of each subsequent year, the office of facility planning and control
within the division of administration shall adjust the "contract limit" by an amount not to
exceed the annual percentage increase in the Consumer Price Index in the preceding year.
The contract limit for 2020 is $161,550.
New law increases the contract limit from $150,000 per project, adjusted annually beginning
February 1, 2015, to $250,000 per project, adjusted annually beginning February 1, 2025.
Effective July 1, 2020.
(Amends R.S. 38:2212(C)(1))